FY2023 Adopted Budget
PUBLIC WORKS
Department
S3950
Project #
Jason Havel
Contact
Project Name Rochester Ave Reconst- First Ave. to Ralston Creek
One Phase
Type
50 years
Useful Life
GRANTEE NONE
PLAN None
Street Operations
Category
MATCH % NONE
TIF DISTRICT None
Essential (2)
Priority
Description Reconstruction of Rochester Avenue from First Avenue to the bridge over Ralston Creek. The project will include intersection improvements at First Avenue, new street paving, sidewalk, utility improvements and other associated work. This project will also include water pressure zoning improvements at First Avenue. Justification Rochester Avenue is an important arterial within Iowa City, and the street pavement is in poor condition. The project will also provide utility upgrades, sidewalk infill, ADA curb ramp, and water pressure zone improvements within the project area. Total Project Cost: $7,000,000 Status Active
Expenditures
Total
2022
2023
2024
2025
2026
Prior
PLANNING/DESIGN
50,000
50,000
650,000
LAND/ROW ACQUISITION
150,000
150,000
Total
CONSTRUCTION
5,400,000
5,400,000
INSPECTION
250,000
250,000
ADMINISTRATION
250,000
250,000
CONTINGENCY
250,000
250,000
6,350,000
6,350,000
Total
Prior
Funding Sources
Total
2022
2023
2024
2025
2026
650,000
GO BONDS-ESSENTIAL PURPOSE
6,350,000
6,350,000
Total
6,350,000
6,350,000
Total
Budget Impact/Other Replacing aged infrastructure will lower the City's operating expenditures through decreased maintenance costs. The estimated decrease in operating expenses is less than $10,000 per year. This serves as a declaration of official intent under Treasury Regulation 1.150-2 that it is reasonably expected that capital expenditures will be made in respect of the above-described project, such expenditures to be advanced from the Capital Projects fund, and the City reasonably expects to reimburse all or a portion of the expenditures with the proceeds of bonds, notes or other indebtedness to be issued or incurred by the City in the future.
592
Made with FlippingBook - Online Brochure Maker